• 제목/요약/키워드: Expenditure elasticity

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Time Series Comparison of Urben Wage Workers' Education Expenditure among Different Social Classes (도시근로자 가계의 계층별 교육비 비교 - 1979년에서 1993년을 중심으로 -)

  • Ryu, Jeong-Soon;Lee, Hee-Ja
    • Korean Journal of Human Ecology
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    • v.4 no.1
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    • pp.63-74
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    • 1995
  • Urben wage workers' education expenditure among different social classes from 1979 to 1993 has been compared. Eduction expenditure has increased much more than that of income resulting from income increase and government policy. Education expenditure gaps among social classes have showed to be an increasing trend although the ratio of education expense to the income has increased among low class families. Average income elasticity was 1.1 and this result showed that education expense was luxury good. Income elasticity of education expense among low class families have fluctuated more than any other classes resulting from construction business cycle and housing rent increase. Average Gini coefficient was 0.38 and turned out to be highest among 9 household expenditures, however it was in the trend of improvement from 81. But from 91 Gini Coefficient went up high again. Main reason for this increase was due to high social class families' eucation expenditure increase. Government's strong policies to enhance equality level of education opportunity and to support low class families are urged.

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Analysis on Economic Performance of Social Welfare Expenditure in Korea: Evaluated by Scale Economies and Elasticity of Substitution (우리나라 사회복지지출의 경제성과 분석: 규모의 경제와 대체탄력성을 중심으로)

  • Rhee, Hyun-Jae
    • The Journal of the Korea Contents Association
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    • v.13 no.12
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    • pp.357-368
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    • 2013
  • This research explores the efficiency of social welfare expenditure in Korea by analyzing marginal productivity, scale economies, and elasticity of substitution that could be obtainable from a production function. By virtue of VES production function, such productive indicators are easily identified. If once the efficiency is revealed in the production process, it brings to a positive impact to increase the level of income. Empirical evidences are shown that the public expenditure is operated systematically in comparing with the private one. This is mainly due to the fact that the system of the public sector is well-established. It implies that an operational system for the private sector ought to be built up in a short period of time. Otherwise, increasing in expenditure by a private sector would not be helpful to improve efficiency in the production side. Accordingly, level of income.

An Analysis of Clothing Consumption Expenditure Pattern in Urban Households (도시가정의 피복류 소비지출분석)

  • 김영숙
    • Journal of the Korean Home Economics Association
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    • v.27 no.4
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    • pp.21-39
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    • 1989
  • This paper is to determine the clothing and footwear of urban household consumption expenditures and an analysis of historical data from relevant literature. Particularly, time-series and cross sectional analysis techniques are adopted in analysing the patterns of clothing and footwear consumption expenditures of urban households. Finally, this paper estimates consumption expenditures in the future by comparing these revealed data with the Korea and Japan. Annual Report on the family Income and Expenditure Survey and M.R.A. in S.P.S.S. were used. The results can be summarized as follows: 1. The proportion of the clothing and footwear expenditure has decreased with the increase of income in urban household during 1976-1987. 2.1) Household consumption function by Income group, the Lower group is higher than the other group. 2) Household consumption function by Occupation of household head. Income elasticity estimation in administrative managerial workers is higher than the other group. 3) Household consumption function by Family size. Income elasticity estimation in 6 Persons is higher than the other group. But 4 Persons is higher in 1986. 4) Household consumption function by Age of household head. Income elasticity estimation in 50 Years and over is higher than the other group. 3. Comparison of characteristics of clothing and footwear consumption expenditures in Korea and Japan were M.R.A. Generally, the priority correlation order for Korea is Outwear, Sweaters and Shirt, Other clothing. For Japan, the order is Sweaters and Shirts, Underwear, Services.

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Demand Analysis of Clothing and Footwear: The Effects of Price, Total Consumption Expenditures and Economic Crisis

  • Kim, Kisung
    • Journal of the Korean Society of Clothing and Textiles
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    • v.36 no.12
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    • pp.1285-1296
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    • 2012
  • This study investigates the effects of changes in price, total consumption expenditures and economic sitations on Korean household demands for clothing and footwear using time-series data. The clothing and footwear category was reclassified as clothing, footwear and clothing services items for the demand analysis. This study utilized the Linearized Almost Ideal Demand System (LAIDS) model to analyze household demand. The results indicate that price and total consumption expenditures are significantly related to Korean household consumption expenditure allocations for clothing and footwear items. The effects of the IMF bailout crisis in 1997 and the global financial crisis in 2008 on household expenditure shares for clothing and footwear items were very weak and statistically insignificant. All the demand elasticities were estimated with respect to total consumption expenditures and prices. Clothing was expenditure elastic (greater than one) and other items were classified as inelastic. All the own price elasticities of demands were negative (other than clothing). Through the estimations of cross price elasticity the relationships between the demands for items and other item prices were evaluated (i.e., substitutes and complements).

A Comparison of Consumption Expenditure Patterns between working-wife families and nonworking-wife families (취업주부가계와 전업주부가계간 소비지출패턴 비교)

  • 정순희
    • Journal of Families and Better Life
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    • v.18 no.2
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    • pp.93-108
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    • 2000
  • This study examines difference in expenditure patterns between working-wife families and nonworking-wife families. The data used in the study is 4,506 husband-wife families take National Survey of family Income and Expenditure in 1996. Of the sample, 42.3% are working-wife families. Consumption expenditure patterns are analyzed in two ways. One is the budget share of each given expenditure and the other is elasticity of those expenditure. The main results of this study are as follows: First, there are the differences between working-wife families and nonworking-wife families in the budget share of each given expenditure. In the budget shares of each given expenditure, nonworking-wife families share more than working wife families for food and medicine. And working-wife families allocated more on public transportation than their counterparts. Second, there are also differences between working-wife families and nonworking-wife families in income elasticities.

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Changes in the Clothing Expenditure Patterns of Korean Households (90년대 이후 도시가계 피복비 지출 패턴의 구조적 변화)

  • Lee, Mi-Young
    • Journal of the Korean Home Economics Association
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    • v.44 no.6 s.220
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    • pp.163-174
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    • 2006
  • The purpose of this research was to examine the level and trends in household clothing expenditure in Korea. Raw data sets produced by the National Statistical Office from the Family Income and Expenditure Survey from 1991 to 2004 were used to support time-series and cross-sectional analyses. The clothing expenditures decreased severely and quickly during the economic crisis of late 1997 through 1998, then increased slowly after the economic crisis until 2003, only to slightly decrease again in 2004. The ratio of clothing expenditure to total household expenditure decreased from 8.03% in 1991 to 5.11% in 2004. This decrease in relative clothing expenditure was greater in the lower income group than in the middle and high income groups. Clothing expenditure patterns were unique and differed from other household expenditures. Although the economic crisis in the late 1990s affected Korean consumers' clothing expenditure, clothing expenditure patterns showed a more fundamental and structural change from 1991 to 2004, with the overall decrease in such expenditure resulting from the concurrent increase in educational and information-communication related expenditures. Clothing expenditure was shown to be luxurious through cross-sectional analysis, but necessary through time-series analysis.

An Analysis of Consumer Expenditure Patterns according to Household Characteristics (가구특성에 따른 소비지출행태 분석)

  • Park, Moonsoo;Chong, Hogun;Koh, Daeyoung;Lee, Kyung-Hee
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.9
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    • pp.5564-5577
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    • 2014
  • This study examined how the differences in household characteristics influence consumer expenditure patterns. The Price-Scaling AIDS model with household income and expenditure survey data were used for the analysis. The results showed that the income elasticity of the service items is greater than non-service items, indicating an increase in higher demand of service items with the same increase in household income. The household expenditure patterns vary according to the commodities, holding age and income level. The so-called traditional pattern, which emphasizes spending for non-service items, changed to the one with a higher expenditure ratio for service items. Such a change in household expenditure patterns naturally derives the expansion of the relevant service market; hence, the growth of the related service industry. This highlights the need to formulate an appropriate response from the supply side that deals with the changes in the service market.

Clothing Expenditure Analysis of Urban Households (도시가계의 피복비지출에 관한 연구)

  • 배미경
    • Journal of the Korean Home Economics Association
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    • v.35 no.1
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    • pp.415-428
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    • 1997
  • In the present study we examined clothing expenditure patterns and related variables in Korea. In addition we analyzed the differences of clothing expenditure patterns between overall overspenders and non-overspenders. We use the Family Income and Expenditure Study published by the National Statistical Office of Korea. Double logarithm functional forms were used to adjust the normality of sample distribution and multiple regression analyses and t-test were utilized as a statistical tools. The present study was divided into four folders. First the income elasticity of clothing expenditures was examined by different groups such as age job and education levels of households as percentage change of clothing expenditures to a percentage change of income. Second to analyze the effects of demogtraphic and socio-economic variables on clothing expenditure we utlized the standardized coefficients in the separate regression equation by demographic and socio-economic variables. Third using spending to income ratio we investigated the differnces of the clothing expenditure patterns between overall overspenders and non-overspenders. Fourth the effects of independent variables by ovespenders and non-overspenders werediscussed.

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An analysis of the changing trends of kyongjobi expenditure pattern and the related factors of kyongjobi expenditure of urban household (도시가계의 경조비 지출 변화추이와 관련 요인 분석)

  • 박명숙
    • Journal of the Korean Home Economics Association
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    • v.36 no.7
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    • pp.13-24
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    • 1998
  • An analysis of the changing trends of kyongjobi expenditure pattern from 1982 to 1996 and the related factors of kyongjobi expenditure of urban household in 1996 has been performed. Major findings were as follow: An average monthly expenditure was 20,036 won during the period, and the increased rate of monthly expenditure was 5.6 times in the past 15 years which was the twice as much as of the total consumption. The ratio of the total kyongjobi consumption was increased about 2 times during the period, and it was 2.96% in 1996. During the period, an average marginal consumption propensity was 0.0379, and it was dramatically increased from '93 to '94. Average income elasticity was 1.743 during the period and found out that it was luxury goods. The result of Anova and Tobit analysis showed that the level of consumption, number of earners, age and education had positive effect on kyongjobi. And in Seoul area, house owner, male(head of the household), and professionals spent more on kyongjobi than other. The present problems of custom, spending of kyongjobi, were discussed and the change of the custom was urged.

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Setting Poverty Line of Food Away from Home by Comparing of Consumption Pattern among different Social Classes -With a focus on the 1993 Urban Wage Earner's Family- (계층별 수비패턴 분석을 통한 외식비의 빈곤선 설정 -1993년 도시근로자 가계를 중심으로-)

  • 류정순
    • Journal of Families and Better Life
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    • v.14 no.2
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    • pp.277-288
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    • 1996
  • Food away from home consumption pattern difference among 20 different social strata has been observed in order to make judgement how much food away from home expenditure should be included in the 2 tiered poverty line. It was found that it was reasonable to include food away from home expenditure in the minimum living cost. And as social class rose expenditure amount and percentage of consumption compared to total food expenditure increased and income elasticity and margial propensity decreased. Percentage of consumption compared to total expenditure increased up to middle class however from 14/20 and up strata decreased as social strata rose. For 4 members city wage earner family suggested monthly poverty line is 16, 977 and suggested monthly relative poverty line is 60, 651.

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